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Canadian insurance industry needs clear direction and proper framework to address marijuana legalization, industry event hears
June 2, 2017 Jason Contant, Online EditorThe insurance industry in Canada needs clear direction from governments and a proper framework to address the upcoming legalization of marijuana, attendees to an industry event heard on Thursday. “First and foremost, we do not as an industry, and cannot,…
New Insurance Institute webinar to explore the sharing economy as an “opportunity and a threat” for Canadian p&c industry
May 30, 2017 by Canadian UnderwriterThe Insurance Institute of Canada (IIC) will host a webinar examining the sharing economy as both an opportunity and a threat to the Canadian p&c industry. The webinar is scheduled for June 14 at 1 p.m. EDT. It offers “future-forward…
Uber announces Toronto research hub for self-driving technology
May 8, 2017 by Canadian UnderwriterUber has announced that Toronto will be the first international research hub of its Advanced Technologies Group. The technology company also welcomed Raquel Urtasun, an associate professor at the University of Toronto “and one of the world’s leading researchers in…
FCA, Google begin offering rides in self-driving cars
April 25, 2017 Dee-Ann Durbin - THE ASSOCIATED PRESSDETROIT – Fiat Chrysler and Google for the first time will offer rides to the public in the self-driving vehicles they are building under an expanding partnership. The companies announced in the spring of last year that they would build…
All generations in the United States except Millenials becoming more skeptical of self-driving technology: J.D. Power study
April 19, 2017 by Canadian UnderwriterWith the exception of Millenials, all other generational groups in the United States are becoming more skeptical of self-driving technology, posing a threat to car manufacturers and technology developers, a new study from J.D. Power has found. The J.D. Power…
Facebook a ‘critical part’ of financial service providers’ marketing strategy: CSIO speaker
April 17, 2017 Greg Meckbach, Associate EditorInsurance providers need to consider mobile computing devices and targetting prospective customers at certain stages of their life, a Facebook Canada official recently told members of the Centre for Study of Insurance Operations. “Think mobile first,” said Robert Geller, a…
Satisfying unmet customer needs key to helping prevent disruption: CIP Symposium speaker
April 7, 2017 Jason Contant, Online EditorIf the insurance industry doesn’t start meeting unmet customer needs and responding to trends like the sharing economy, new entrants will likely continue to disrupt the industry, attendees to the CIP Society Symposium 2017 heard on Thursday. “The big risk…
Uber resumes self-driving car program after brief suspension
March 27, 2017 The Associated PressNEW YORK – Uber says it is resuming its self-driving car program in Arizona and Pittsburgh after it was suspended following a crash over the weekend. The company had also grounded self-driving cars in San Francisco over the weekend but…
Uber self-driving cars are coming back to California roads
March 10, 2017 The Associated PressSACRAMENTO, Calif. – Uber’s self-driving cars will return to California’s streets, though the ride-hailing company doesn’t immediately plan to pick up passengers. Uber received a permit Wednesday to test two Volvo SUVs on public roads, the California Department of Motor…
Panelists warn of risks from room rentals through sharing economy
March 7, 2017 Greg Meckbach, Associate EditorProperty owners who want to rent their places to travellers using the “sharing economy” need special insurance coverage and one large risk is when they prepare food for customers, speakers suggested Tuesday at an event hosted by Allianz Global Assistance.…
Ford investing US$1 billion over five years in AI company to develop virtual driver system
February 13, 2017 by Canadian UnderwriterFord Motor Company has announced it is investing US$1 billion during the next five years in Argo AI, an artificial intelligence company, to develop a virtual driver system for the automaker’s autonomous vehicle coming in 2021 – and for potential…
Legalization of marijuana calls for ‘more thorough’ risk assessment from brokers: OIAA speaker
January 31, 2017 Greg Meckbach, Associate EditorThe legalization of marijuana for medicinal purposes is “creating a challenge” for claims adjusters and brokers alike, with a need for customized insurance policies for producers and for updating lease agreements, a speaker suggested at a conference Tuesday. “Possession of…